Papa John’s Anchored Strip
10901 CRENSHAW BLVD Inglewood, CA 90303
10901 CRENSHAW BLVD, Inglewood, CA, 90303
Contact for pricing
For Sale
Contact for pricing
Multi-tenant strip center with Papa John’s anchor and 100% occupancy on primarily NNN leases.
Property Size8,636 SF
Price / SF$431.33
Days on Market85
Property Features for 10901 CRENSHAW BLVD
General Information
- Standard status
- Active
- Size
- 8,636 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1988
Listing agency
CBRE - Ontario
(909) 418-2216
Listed by
Justin Marlowe · License #CA 01992131
Source
Crexi
Added: Apr 29 Updated: Jul 22 at 6:22AM Checked: Jul 22 at 6:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Ontario
Investment Insights
Based on property information with market context.
Crenshaw Plaza is an 8,636 SF, multi-tenant strip center that is 100% occupied and anchored by Papa John’s Pizza. The tenant mix includes restaurant, convenience, and service-oriented uses supporting the daily needs of the surrounding residential population. Ownership reports a long-standing history of high occupancy, with many tenants operating at the property for 5+ years.
The property is located at 10901 Crenshaw Blvd in Inglewood, Los Angeles County, and features a rent roll comprised primarily of NNN leases. As a result, operating expense reimbursements are generally structured through the lease agreements.
For investors and operators seeking a stable, occupied retail platform in a dense residential area, Crenshaw Plaza presents a convenience-driven retail configuration with a set of established tenants.
The property is located at 10901 Crenshaw Blvd in Inglewood, Los Angeles County, and features a rent roll comprised primarily of NNN leases. As a result, operating expense reimbursements are generally structured through the lease agreements.
For investors and operators seeking a stable, occupied retail platform in a dense residential area, Crenshaw Plaza presents a convenience-driven retail configuration with a set of established tenants.
Key Highlights
- 8,636 SF multi‑tenant strip center at 10901 Crenshaw Blvd, Inglewood (Los Angeles County), built in 1988
- 100% occupied with a tenant mix that includes a Papa John’s Pizza anchor
- Long‑standing history of high occupancy, with many tenants operating for 5+ years
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $319.2k | $36.96 |
| − Vacancy | −$7.3k | −$0.85 |
| EGI | $311.8k | $36.11 |
| − OpEx | −$93.6k | −$10.83 |
| NOI | $218.3k | $25.28 |
8,636 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.12M
$2.73M – $3.64M
NOI $218,292 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.52M
$3.08M – $4.11M
NOI $246,644 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
R Kuttz Barber ...
Barber Shop
Family Market & Tobacco
Food Market
Family Nutritional Center
Social Service Agency
Slayy Hands Salon
Hair Salon
Laura M. Vila, ...
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Multi-tenant strip center with Papa John’s anchor and 100% occupancy on primarily NNN leases.
Where is this strip mall located?
The property is located at 10901 CRENSHAW BLVD Inglewood, CA.
What is the asking price?
The asking price for this property is $3,725,000.
What are key features of this property?
This property features: 8,636 SF multi‑tenant strip center at 10901 Crenshaw Blvd, Inglewood (Los Angeles County), built in 1988; 100% occupied with a tenant mix that includes a Papa John’s Pizza anchor; Long‑standing history of high occupancy, with many tenants operating for 5+ years
